Paul Duran
Tax Professional & solo 401k
Hey y’all, I’m in San Antonio and looking for a tax professional focused on Real Estate. My current CPA is ok, but charges $1000 per tax season and doesn’t really offer any value or advice for real estate. A little ba...
Eric S.
Does NJ "7% interest on security deposit" apply after move out?
In bold is a NJ statute regarding notification (or lack thereof) of security deposit information and the penalty assessed when landlord fails to notify and cure. Following that are my questions:
If notification is no...
Tajinder Kandola
what to do if the tenant is not comfortable giving SIN number?
what to do if the tenant is not comfortable giving SIN number for a credit and criminal background check?
Juan Carlos Poza
With a SDIRA LLC, can I purchase out of state tax liens?
Hello everyone:I would love to have my question answered.I recently opened a Self Directed IRA to invest in tax liens in my home state, FL, but i wonder if I can go beyond Florida borders and acquire tax liens in othe...
Troy Reed
Banks willing to work with Series LLC
I’d like to share my adventure with a Series LLC. This was recommended by my attorney and after more research it seemed like good route to take. The first series was set up in October 2018 and my bank, First Commer...
Marvin Meng
Self Directed Roth IRAs
Hi BP-ers!Recently my REIA hosted a speaker from a firm who write self-directed IRAs. This seems like a valuable tool for investors but when I spoke to my accountant about it she said they could only be opened by indi...
David Chance
Self Directed IRA - checkbook control or not?
Looking to see what type of SDIrA others who invest in notes are using --> checkbook or custodian. I don't like all of the custodian fees, but I think it is safer (with regards to the IRS) than the checkbook.I'm ...
Chris Martin
Rental revenue recognition at end of year...
This IRS topic defines rental income in this way: "Generally, cash or the fair market value of property you receive for the use of real estate or personal property is taxable to you as rental income." The question is ...
Joel Cannonball
S-Corp Election Form 2553 for new LLC
I recently formed a new LLC that will be involved in buy/sell, and buy/hold transactions. I read around online that stated I should go ahead and file form 2553 to be taxed as an S-Corp. I called a CPA for advice on it...
Dan Falco
Am I calculating cash on cash incorrectly?
Hi all,Either I’m doing something wrong or this property doesn’t cash flow very well. To be clear, the deal isn’t done quite yet. This would be my first ever home (duplex) purchase. I’ll be living in one unit and rent...